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Points to check before selecting your Health Insurance provider

Health Insurance provider

Now, it seems easy to choose a life partner when compared to find a school for your child, or choosing a car or a Health Plan for the family. Regarding School, reviews can help and one can check for themselves, and about a car, the latest automobile news is more than adequate.

But what about a Health Plan that takes care of the medical expenses?

Every health insurance provider offers a wide range of inclusions, but only to lure the customer in taking up the plan. Once we have opted for the plan, the terms and conditions start taking away the freedom of what we might have expected with a Health Insurance Plan. Following are the major objectives to be looked into while choosing an appropriate health plan.

Family Floater and Individual Plans

These can be termed as the basic health plans a family / individual should possess. These would be covering the most common health issues and offers features ranging from Free Checkups to successful claims of total sum insured.

Employee / Group Health Plan

In the corporate world, few companies offer the employee or group health plan for the staff or employee working for them. These include cashless hospitalization across wide hospital networks. This should be considered as addition to the basic Family and Individual Floater plan, but not as a substitute.

Additional Covers

These might come in handy for people who are being treated with critical illness and can avail surgical benefits. These can be bought at the appropriate time to further improve the health cover.

Specialized Covers

The specialized covers are usually targeted at people who are suffering from long - term ailments like diabetes, cancer and tumor. Even though these policies require a high premium, it is always advisable to take such covers especially going with a genetic ailment, thus increasing the odds of falling ill to the certain long - term ailments.

Supplemental Insurance

This acts as a salvation during the time of illness, where the income is absolute zero. These policies do tend to cover for the loss of income while the individual is in the hospital. Above all, a supplement insurance cover is always a healthy decision to opt for.

Apart from the above, the following inclusions should be taken care while opting for a Health Insurance from a given insurer:

Choosing a well reputed Insurance company in terms of Client & Claim satisfaction
Planning it according to future needs
Choosing the type of health insurance.
Choose the right amount as “sum assured“
Check the hospital network and extent of cashless hospitalization
Understanding the premium calculation process
Comparing and checking the flexibility of the policy
Check if the company offers no - claim bonus or discount
Whether cover is offered for Surgeries and Specific Surgeries.
Should be able to add Top - Up Plans
Cover for Treatment Abroad and Restore Opinion
Frequent Medical Check - Ups
Wellness Campaign.

4 COMMENTS

Parul November 3, 2015 at 6:24 am

A medical emergency can arrive at anybody’s door and affect the members both financially and emotionally. Keeping in mind the rising cost of medical services and the declining immunity of people, it has become extremely important to get a health insurance. A health insurance policy insures us and our family against any such unexpected medical emergency. Hence going by the great requirement of the same, one should select a health insurance policy very carefully by keeping in mind the above mentioned points.
Kitty Macalpine February 12, 2016 at 10:28 pm

There are so many catches and penalties to health insurance, and sometimes we feel like the hassle and payment of health insurance is just too hard. So we don’t get health insurance… then we are stuck with a large healthcare bill in emergency.
I wold recommend health insurance to everyone, if they can afford it and make the right choices on the health insurance provider. Too many people are fleeced by health insurance plans that don’t adequately cover our individualised needs. This raises great ideas for checking the reputation of our chosen health care provider.
Dipika Kumar March 16, 2016 at 9:15 pm

Choosing a health insurance provider can be a real pain. Especially when there are so many options around. For a first time investor, I guess the best thing to do would be to research all possible options and stick to larger brands that offer insurance. It will save a whole lot of effort of claiming the amount on maturity when opting for insurance offered by larger branded companies.
Vandana Agarwal September 23, 2016 at 5:42 pm

Health insurance policies are important for not only the bread earner but to also the other members of the family. The various types covers the various needs of the individual according to their needs. The policy that suits the individual the best is the best one. Before choosing any health policies all the factors should be made clear.